Is Collegeville, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Collegeville is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Collegeville was a Neutral Market.

Key Takeaway

Collegeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Collegeville, PA

How much do homes in Collegeville, PA cost?

Median Sold Price

$501,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$39,000(-7.2%)

Key Takeaway

Homes in Collegeville have sold for 7.2% less than they did a year ago.

Summary: The median home sold price in Collegeville was $501,000 in March 2024, down 7.2% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $265K$336K
+26.8%
3 $391K$415K
+6.1%
4 $575.9K$653.5K
+13.5%
5+ $602.5K$777.5K
+29.0%

Summary: Collegeville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 29%.

Median Sold Price Compared To Nearby Cities

Trappe
+6.8%
Skippack Township
+2.9%
Upper Providence Township
-0.5%
Collegeville
-7.2%

Housing Supply in Collegeville, PA

How many homes are available in Collegeville, PA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
82820.0%

Summary: The Collegeville real estate market had 82 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 73
-57.1%
3 3432
-5.9%
4 2735
+29.6%
5+ 1412
-14.3%

Summary: The Collegeville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 57.1%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2116-23.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Collegeville, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Collegeville in March 2024, down by 23.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 19% were sold at asking, and 44% were sold over asking.

Days on Market for Collegeville, PA

How long does it take to sell a home in Collegeville, PA?

Average Sale Time

Mar 2023Mar 2024CHANGE
11 Days17 Days+53.9%

Summary: Homes in Collegeville had an average of 17 days on market in Mar 2024, up by 53.9% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Collegeville are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 16 homes were sold in Collegeville; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Collegeville, PA

Nearby Markets to Collegeville, PA

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